Fortitude Gold (OTCMKTS:FTCO – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03, reports. The business had revenue of $10.31 million during the quarter, compared to the consensus estimate of $16.41 million.
Fortitude Gold Trading Down 2.5%
Shares of Fortitude Gold stock traded down $0.11 during midday trading on Wednesday, hitting $4.19. The company had a trading volume of 36,021 shares, compared to its average volume of 49,608. The business’s 50 day simple moving average is $4.60 and its two-hundred day simple moving average is $4.92. Fortitude Gold has a 1-year low of $3.74 and a 1-year high of $6.10.
Fortitude Gold Company Profile
Fortitude Gold is a U.S.-based gold and silver company focused on mining, exploration and development in Nevada’s Walker Lane mineral belt. The company produces gold and silver doré and has centered its operations on the Isabella Pearl open-pit, heap-leach mine in Mineral County. Fortitude Gold became an independent company in 2021 after being spun off from Gold Resource Corporation. Alongside Isabella Pearl, it holds other Nevada properties for exploration and potential development. Jason Reid has served as Fortitude Gold’s president and chief executive officer.
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